Home Business American Airlines plans $1 billion order for small, electric-powered aircraft

American Airlines plans $1 billion order for small, electric-powered aircraft

by staff

American, Microsoft’s M12, Honeywell, Rolls-Royce and others will take stakes in Vertical through private investment in public equity, or PIPE transactions. Another investor, Irish aircraft leasing company Avolon, said Thursday that it placed a $2 billion conditional order for up to 500 Vertical aircraft.

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